Aprila Bank delivered another record-breaking quarterly pre-tax profit of NOK 17.5 million, up 25% from NOK 14.0 million in Q2 24. Total income amounted to NOK 59.4 million, equivalent to a total income growth of 16% compared to the same quarter last year.
Key figures: - Gross lending reached NOK 1,263 million by the end of the quarter, up 17% year-on-year - Cost/income was 43% in the quarter and 53% for the last twelve months - Loan losses amounted to 5.3% of gross lending - Return on equity was 21.9% in the quarter and 16.5% for the last twelve months
Looking ahead, we remain confident that the continued adaptation of new technology, combined with the scalability of Aprilas business model, will continue to improve the banks underlying operating expenses and loan losses relative to total income. We expect this to contribute to a steady improvement of the banks return on equity over time.
The report and presentation are available on the companys website: https://www.aprila.no/investor-relations
The results will be presented in a webcast with CEO Kjetil S. Barli and CFO Espen Engelberg today at 10:00 CEST. The presentation will be held in English. Please register your attendance using the following link: https://www.aprila.no/content/investor-relations/register.
A recording of the presentation will be made available on https://www.aprila.no/investor-relations after the presentation.
About Aprila Bank Aprila Bank offers accessible and convenient credit to small and medium-sized businesses. The bank commenced operations in April 2018.
For further information, please contact:
Kjetil S. Barli CEO +47 908 42 016 kjetil@aprila.no
Golar LNG Limited Interim results for the period ended June 30, 2025
Company news
2025-08-14 11:50:02
Highlights and subsequent events
Golar LNG Limited (Golar or the Company) reports Q2 2025 net income attributable to Golar of $16 million, Adjusted EBITDA1 of $49 million and Total Golar Cash1 of $891 million.
Added $13.7 billion in Adjusted EBITDA backlog1, with further upside in contracted FLNG tariff CPI escalation and significant commodity upside:
Concluded 20-year charter of FLNG Hilli (Hilli) in Argentina with Southern Energy S.A. ("SESA"), with Adjusted EBITDA backlog1 of $5.7 billion.
Signed definitive agreements and reached Final Investment Decision ("FID") for a 20-year charter for the MKII FLNG, also with SESA, with Adjusted EBITDA backlog1 of $8 billion. Remaining regulatory approvals and customary conditions precedent expected within 2025.
Commodity upside to Golar of approximately $100 million per year for every US dollar of offtake above $8/MMBtu.
FLNG Gimi ("Gimi") reached Commercial Operations Date (COD).
Closed offering of $575 million of convertible senior notes due 2030 ("the Notes") and repurchased 2.5 million common shares.
Appointed new board members, Benoît de la Fouchardiere, Mi Hong Yoon and Stephen J. Schaefer.
Declared dividend of $0.25 per share for the quarter.
Progressing contemplated next FLNG unit on the back of strong development of commercial pipeline.
FLNG Hilli: Continued market leading uptime during the quarter, 137 cargoes offloaded to date since contract start up in 2018 in Cameroon. Upon completion of the current charter in July 2026, Hilli is scheduled to enter a yard in the third quarter of 2026 for upgrades and life extension work before arriving in Argentina for its 20-year charter for SESA during Q2 2027. Yard selection for the redeployment related upgrade and modification works is expected within Q3 2025. The scope for the yard stay includes repair, life extension modifications, winterization of the vessel and installation of a new soft-yoke mooring system.
The key commercial terms for the 20-year charter agreement include net charter hire to Golar of $285 million per year, a total of $5.7 billion over the 20-year term. In addition Hilli will make a commodity linked FLNG tariff component of 25% of FOB prices in excess of $8/MMBtu. This will add approximately $30 million of potential upside to Golar for every US dollar the achieved FOB price is above the reference price of $8/MMBtu. Hilli will be moored in the San Matías Gulf in Argentina.
Having concluded the 20-year charter agreement in Argentina, we will seek to optimize the asset level debt on Hilli.
FLNG Gimi: In June 2025, Gimi successfully achieved COD, marking the commencement of the 20-year lease term with BP under the Lease and Operate Agreement. Gimi is now in the process of offloading its 8th cargo. The vessel is operating well and has transitioned into its contractual post COD appraisal period during which equipment will be tuned to optimize performance as operations and interfaces with customer infrastructure normalize. Golar owns 70% of Gimi, and Golars share of the net earnings backlog for the contract duration is expected to be approximately $3 billion.
Stakeholder approvals for the $1.2 billion sale and leaseback facility have taken longer than expected. This allows for potential alternative financing optimization for debt refinancing of Gimi including a bank facility or secured bonds.
MKII FLNG 3.5 MTPA conversion: Conversion work on the $2.2 billion MKII FLNG is proceeding to schedule. As of June 30, 2025, Golar has spent $0.8 billion on this project, all of which is currently equity funded. The MKII FLNG is expected to be delivered in Q4 2027.
On August 6, 2025, SESA reached FID for the charter of Golars 3.5 MTPA MKII FLNG, as contemplated under the terms of the definitive agreements executed by SESA and Golar in May 2025. The MKII charter remains subject to regulatory conditions precedent and satisfaction of other customary closing conditions, expected within 2025.
The key commercial terms for the 20-year charter agreement include net charter hire to Golar of $400 million per year, equal to $8 billion over the charter period. In addition the MKII FLNG charter includes a commodity linked tariff component of 25% of FOB prices in excess of $8/MMBtu. This will add approximately $40 million of potential upside to Golar for every US dollar the achieved FOB price is above the reference price of $8/MMBtu. The MKII FLNG, currently under conversion in China, will sail to Argentina following her redelivery, with contract start-up expected during 2028. The MKII FLNG will be moored in the San Matías Gulf near the Hilli. Combined, the two units have a nameplate capacity of 5.95MTPA, and the project expects to benefit from significant operational efficiencies and synergies from two FLNGs in the same area.
Southern Energy: SESA is a company formed to enable LNG exports from Argentina. SESA is owned by a consortium of leading Argentinian gas producers including Pan American Energy (30%), YPF (25%), Pampa Energia (20%) and Harbour Energy (15%), as well as Golar (10%).
Golars 10% ownership of SESA provides additional commodity exposure. With both FLNG's operational, the 10% equity stake equates to approximately $28 million in annual commodity exposure to Golar for every US dollar/MMBtu change in achieved FOB prices above or below SESAs cash break even.
With the combination of the fixed charter hire, operating expenses pass through, commodity exposure for FOB prices above $8/MMBtu and Golars 10% shareholding in SESA, Golar has secured an attractive contracted cash flow with highly attractive risk-reward in commodity linked earnings. For every US dollar FOB price above $8/MMBtu, Golars total commodity upside is approximately $100 million, versus approximately $28 million in downside for every US dollar/MMBtu that realized FOB prices are below SESAs cash break even.
Business development: With the existing fleet committed to 20-year charters, we have increased focus on securing attractive FLNG growth units. We are working with three prospective shipyards for different FLNG designs (MKI, MKII and MKIII with liquefaction capacities ranging from 2.0 to 5.4 MTPA) to obtain updated EPC price and delivery schedules. In order to secure attractive delivery we plan to enter into slot reservations for long lead equipment within Q3 2025.
We see increasing industry recognition of the benefits of FLNG solutions versus land-based liquefaction terminals, driven by the proven track record of the fleet on the water, lower capex, shorter construction time and increased flexibility. This in turn drives prospective charter interest in our FLNG solutions. Golar is the only proven provider of FLNG as a service. Based on the increasing demand for FLNG to monetize stranded, associated and flared or re-injected gas reserves, we plan to order our next FLNG before locking in a charter to drive competitive tension and terms for our next FLNG project. This is the same approach successfully executed for the FLNG Hilli and for the MKII FLNG. Based on yard availability we are confident that a contemplated 4th Golar FLNG will be the only open and available FLNG capacity within this decade.
We expect to decide on vessel design for our fourth FLNG once final EPC prices and delivery schedules are obtained. We are in parallel working on the commercial pipeline to match commercial opportunities to the contemplated fleet addition. We also expect that a 5th unit could follow shortly after a 4th unit has been ordered and chartered.
Our fully delivered net debt to Adjusted EBITDA1 stands at around 3x, and we expect to fund planned FLNG fleet growth with proceeds from debt associated with the conclusion of long-term charters for our existing fleet.
Corporate/Other: In June we raised $575 million of convertible bonds. As part of the convertible bond process we bought back 2.5 million shares for $103 million, at a share price of $41.09 per share. The Notes were priced at 2.75% fixed coupon with a 40% premium. Inclusive of the buyback the Notes are net dilutive to our share count prior to the Notes offering if our share price exceeds $76.71 at maturity in December 2030, before adjusting for any dividends paid in the period.
Operating revenues and costs under corporate and other items are comprised of two legacy FSRU operate and maintain agreements in respect of Italis LNG and LNG Croatia, both of which are expected to end in Q4 2025.
Shares and dividends: 102.3 million shares are issued and outstanding as of June 30, 2025, inclusive of the 2.5 million shares repurchased and cancelled in connection with the June 2025 convertible senior notes offering. Golars Board of Directors approved a total Q2 2025 dividend of $0.25 per share to be paid on or around September 2, 2025. The record date will be August 26, 2025.
Financial Summary
On COD the FLNG Gimi asset under development was de-recognized, and a sales-type lease receivable was recognized in the balance sheet. The accounting for a sales-type lease is different to Golars other commercial agreements, which have typically been accounted for as operating leases. In order to compare the performance of the FLNG Gimi with our wider business, management has determined that it will measure the performance of the FLNG Gimi sales-type lease based on Adjusted EBITDA1, modified by sales-type lease receivable in excess of interest income. This approach allows Golar to review the economic results of FLNG Gimi in a format consistent with FLNG Hilli.
(in thousands of $)
Q2 2025
Q2 2024
% Change
YTD 2025
YTD 2024
% Change
Net income
30,779
35,230
(13)%
43,718
101,725
(57)%
Net income attributable to Golar LNG Ltd
15,639
25,907
(40)%
23,836
81,127
(71)%
Total operating revenues
75,673
64,689
17%
138,175
129,648
7%
Adjusted EBITDA 1
49,255
58,716
(16)%
90,191
122,303
(26)%
Golars share of Contractual Debt 1
2,048,873
1,197,626
71%
2,048,873
1,197,626
71%
Financial Review
Business Performance:
2025
2024
(in thousands of $)
Apr-Jun
Jan - Mar
Apr-Jun
Net income
30,779
12,939
35,230
Income taxes
439
179
140
Net income before income taxes
31,218
13,118
35,370
Depreciation and amortization
12,206
12,638
13,780
Unrealized loss on oil and gas derivative instruments
34,816
25,001
16,050
Other non-operating income, net
(29,981)
Interest income
(5,823)
(8,699)
(8,556)
Loss/(gain) on derivative instruments, net
3,843
6,795
(107)
Other financial items, net
973
2,292
54
Net (income)/loss from equity method investments
(78)
(10,209)
2,125
Sales-type lease receivable in excess of interest income
2,081
Adjusted EBITDA 1
49,255
40,936
58,716
2025
Apr-Jun
(in thousands of $)
FLNG
Corporate and other
Total Segment Reporting
Elimination
Consolidated Reporting
Liquefaction services revenue
56,512
56,512
56,512
Sales-type lease revenue
8,219
8,219
8,219
Vessel management fees and other revenues
4,381
6,561
10,942
10,942
Vessel operating expenses
(26,472)
(5,795)
(32,267)
(32,267)
Administrative expenses
(60)
(6,412)
(6,472)
(6,472)
Project development expenses
(4,162)
(1,607)
(5,769)
(5,769)
Realized gain on oil and gas derivative instruments (2)
16,234
16,234
16,234
Other operating loss
(225)
(225)
(225)
Sales-type lease receivable in excess of interest income
2,081
2,081
(2,081)
Adjusted EBITDA 1
56,733
(7,478)
49,255
(2,081)
47,174
2025
Jan-Mar
(in thousands of $)
FLNG
Corporate and other
Total
Liquefaction services revenue
55,688
55,688
Vessel management fees and other revenues
5,938
5,938
Time and voyage charter revenues
876
876
Vessel operating expenses
(18,785)
(9,685)
(28,470)
Administrative expenses
(588)
(8,999)
(9,587)
Project development expenses
(2,351)
(968)
(3,319)
Realized gain on oil and gas derivative instruments (2)
21,213
21,213
Other operating loss
(1,403)
(1,403)
Adjusted EBITDA 1
55,177
(14,241)
40,936
2024
Apr-Jun
(in thousands of $)
FLNG
Corporate and other
Total
Liquefaction services revenue
56,120
56,120
Vessel management fees and other revenues
5,444
5,444
Time and voyage charter revenues
3,125
3,125
Vessel operating expenses
(22,765)
(10,220)
(32,985)
Administrative income (expenses)
34
(5,886)
(5,852)
Project development expenses
(1,300)
(2,226)
(3,526)
Realized gain on oil and gas derivative instruments (2)
36,390
36,390
Adjusted EBITDA 1
68,479
(9,763)
58,716
(2) The line item Realized and unrealized (loss)/gain on oil and gas derivative instruments in the Unaudited Consolidated Statements of Operations relates to income from the Hilli Liquefaction Tolling Agreement (LTA) and the natural gas derivative which is split into: Realized gain on oil and gas derivative instruments and Unrealized (loss)/gain on oil and gas derivative instruments.
Golar reports today Q2 2025 net income of $31 million, before non-controlling interests, inclusive of $9 million of non-cash items1, comprised of:
TTF and Brent oil unrealized mark-to-market (MTM) losses of $35 million;
A $4 million MTM loss on interest rate swaps; and,
A $30 million day one gain on recognition of the FLNG Gimi sales type lease.
The Brent oil linked component of FLNG Hillis fees generates additional annual cash of approximately $3.1 million for every dollar increase in Brent Crude prices between $60 per barrel and the contractual ceiling. Billing of this component is based on a three-month look-back at average Brent Crude prices. During Q2 2025, we recognized a total of $16 million of realized gains on FLNG Hilli's oil and gas derivative instruments, comprised of a:
$9 million realized gain on the Brent oil linked derivative instrument; and
$7 million realized gain in respect of fees for the TTF linked production.
We also recognized $35 million of non-cash losses in relation to FLNG Hillis oil and gas derivative assets, with corresponding changes in the fair value in its constituent parts recognized on our unaudited consolidated statement of operations as follows:
$27 million loss on the Brent oil linked derivative asset; and
$8 million loss on the TTF linked natural gas derivative asset.
Balance Sheet and Liquidity:
During June 2025 Golar closed the offering of $575 million of 2.75% Convertible Senior Notes due 2030. The Notes are senior, unsecured obligations of the Company, bear interest at a rate of 2.75% per annum, mature on December 15, 2030, and are convertible into the Companys common shares, cash, or a combination of shares and cash, at the Companys election. The conversion rate was equivalent to an initial conversion price of approximately $57.53 per common share, representing an initial conversion premium of approximately 40% over the closing price of the Companys common shares at the time of issuance. Of the net proceeds, $103 million was used to repurchase 2.5 million of the Companys common shares on June 30, 2025.
As of June 30, 2025, Total Golar Cash1 was $891 million, comprised of $783 million of cash and cash equivalents and $108 million of restricted cash.
Golars share of Contractual Debt1 as of June 30, 2025 is $2,049 million. Deducting Total Golar Cash1 of $891 million from Golars share of Contractual Debt1 leaves a net debt position of $1,158 million.
Assets under development amounts to $0.9 billion, all of which relates to the MK II FLNG Fuji conversion project. Upon COD in June 2025, the FLNG Gimi asset under development was de-recognized, with a sales type lease receivable recognized on the balance sheet in its place.
Non-GAAP measures
In addition to disclosing financial results in accordance with U.S. generally accepted accounting principles (US GAAP), this earnings release and the associated investor presentation contains references to the non-GAAP financial measures which are included in the table below. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance.
This report also contains certain forward-looking non-GAAP measures for which we are unable to provide a reconciliation to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside of our control, such as oil and gas prices and exchange rates, as such items may be significant. Non-GAAP measures in respect of future events which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied to Golars unaudited consolidated condensed financial statements.
These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures and financial results calculated in accordance with GAAP. Non-GAAP measures are not uniformly defined by all companies and may not be comparable with similarly titled measures and disclosures used by other companies. The reconciliations as at June 30, 2025 and for the six months ended June 30, 2025, from these results should be carefully evaluated.
Non-GAAP measure
Closest equivalent US GAAP measure
Adjustments to reconcile to primary financial statements prepared under US GAAP
Rationale for adjustments
Performance measures
Adjusted EBITDA
Net income/(loss)
+/- Income taxes + Depreciation and amortization + Impairment of long-lived assets +/- Unrealized (gain)/loss on oil and gas derivative instruments +/- Other non-operating (income)/losses +/- Net financial (income)/expense +/- Net (income)/losses from equity method investments +/- Net loss/(income) from discontinued operations +/- Sales-type lease receivable in excess of interest income
Increases the comparability of total business performance from period to period and against the performance of other companies by excluding the results of our equity investments, removing the impact of unrealized movements on embedded derivatives, depreciation, impairment charge, financing costs, tax items, discontinued operations and sales-type lease receivable in excess of interest income.
Distributable Adjusted EBITDA
Net income/(loss)
+/- Income taxes + Depreciation and amortization + Impairment of long-lived assets +/- Unrealized (gain)/loss on oil and gas derivative instruments +/- Other non-operating (income)/losses +/- Net financial (income)/expense +/- Net (income)/losses from equity method investments +/- Net loss/(income) from discontinued operations +/- Net and other amounts invoiced under sales-type lease - Amortization of deferred commissioning period revenue - Amortization of Day 1 gains - Accrued overproduction revenue + Overproduction revenue received - Accrued underutilization adjustment
Increases the comparability of our operational FLNG Hilli from period to period and against the performance of other companies by removing the non-distributable income of FLNG Hilli, project development costs, and FLNG Gimi.
Liquidity measures
Contractual debt 1
Total debt (current and non-current), net of deferred finance charges
During the year, we consolidate a lessor VIE for our Hilli sale and leaseback facility. This means that on consolidation, our contractual debt is eliminated and replaced with the lessor VIE debt.
Contractual debt represents our debt obligations under our various financing arrangements before consolidating the lessor VIE.
The measure enables investors and users of our financial statements to assess our liquidity, identify the split of our debt (current and non-current) based on our underlying contractual obligations and aid comparability with our competitors.
Adjusted net debt
Adjusted net debt based on GAAP measure
Key information relating to the cash dividend to be paid by Golar LNG Limited (Ticker: GLNG)
Company news
2025-08-14 11:50:02
Reference is made to the second quarter 2025 report released on August 14, 2025. Golar LNG Limited (Golar), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around September 2, 2025. The record date will be August 26, 2025. Due to the implementation of the Central Securities Depository Regulation (CSDR), please note the information below on the payment date for the small number of Golar shares registered in Norways central securities depository (VPS):
Dividend amount: $0.25 per share
Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK
Last day including right: August 25, 2025
Ex-date: August 26, 2025
Record date: August 26, 2025
Payment date: On or about September 2, 2025. Due to the implementation of CSDR in Norway, dividends payable to shares registered in the VPS will be distributed on or about September 4, 2025.
Golar LNG Limited Hamilton, Bermuda August 14, 2025
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Maritime & Merchant Bank ASA (MMBANK) Financial Report 30.06.2025
Company news
2025-08-12 12:10:04
The profit for the period 01.01.25 - 30.06.2025 before tax is USD 6 158 079 (USD 8 908 725 in 2024). Customer lending as of 30.06.2025 was USD 366 667 790 (USD 389 709 894 in Q2 2024).
Book value per share is USD 1.681 per 30.06.2025 (USD 1.629 in 2Q 2024) Earnings per share for the period 01.01.25 - 30.06.2025 before tax is USD 0.0754 (USD 0.109 in 2024).
There has been no credit losses and the Bank has no non-performing loans.
Final Investment Decision for 20-year charter of MK II FLNG to Southern Energy in Argentina
Company news
2025-08-06 22:30:01
Golar LNG Limited (Golar) is pleased to announce today that Southern Energy S.A. (SESA) has reached Final Investment Decision for the charter of Golars 3.5MTPA MK II FLNG, as contemplated under the terms of the definitive agreements executed by SESA and Golar in May 2025.
The key commercial terms for the 20-year charter agreement include net charter hire to Golar of US$ 400 million per year, plus a commodity linked tariff component of 25% of FOB prices in excess of US$ 8/mmbtu. The FLNG, currently under conversion in China, will sail to Argentina following her redelivery, with contract start-up expected during 2028. The MKII FLNG will be moored in the San Matías Gulf near the FLNG Hilli, which is expected to start its 20-year charter with SESA during 2027. Combined, the two units have a nameplate capacity of 5.95MTPA, and the project expects to benefit from significant operational efficiencies and synergies from two FLNGs in the same area.
SESA is a company formed to enable LNG exports from Argentina. SESA is owned by a consortium of leading Argentinian gas producers including Pan American Energy (30%), YPF (25%), Pampa Energia (20%) and Harbour Energy (15%), as well as Golar (10%).
The MKII FLNG project remains subject to regulatory conditions precedent and satisfaction of other customary closing conditions which are progressing according to schedule and expected within 2025.
Golars Chief Executive Officer, Karl Fredrik Staubo, commented: Todays FID marks another milestone for SESA in establishing Argentina as an attractive LNG exporter and building on Golars position as the market leading FLNG service provider. FID solidifies $8 billion of net earnings visibility over 20 years to Golar, with attractive upside potential in the FLNG commodity tariff component and through our shareholding in SESA. We look forward to continuing to develop the SESA partnership into a leading LNG exporter in South America.
FORWARD LOOKING STATEMENTS This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect managements current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as may, could, should, would, expect, plan, anticipate, intend, forecast, believe, estimate, predict, propose, potential, continue, subject to or the negative of these terms and similar expressions are intended to identify such forward-looking statements.
These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.
Hamilton, Bermuda August 6, 2025
Investor Questions: +44 207 063 7900 Karl Fredrik Staubo - CEO Eduardo Maranhão - CFO Stuart Buchanan - Head of Investor Relations
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
KNOX - START OF CAPITAL RAISE RELATED TO THE INPECTOR TRANSACTION
Company news
2025-08-06 13:20:49
Reference is made to the press release issued on July 25 regarding final agreement between Knox Energy Solutions AS (Knox") and Inpector Capital B.V. (Inpector), related to Knox' acquisition of 38% of Inpector. The process of raising USD 12-15 mill to close this transaction will start on Tuesday, August 12, 2025.
Knox will pay USD 10 million in cash, to be primarily used to increase production through accelerated development drilling, and issue 6,276,990 new shares in Knox to Inpector, valued at USD 10 million based on a pre-money valuation for Knox of USD 10.4 million.
This is equal to NOK 16.30 per Knox share, based on a total number of 6,528,070 shares, following pending registration of all exercised warrants. The transaction is subject to Knox raising a minimum of USD 11 million of new equity at a valuation also taking into account the contribution from Inpector.
The Inpector group is producing oil from the Issaran onshore field in Egypt. The Issaran field is a heavy oil field and the production is currently about 4,000 barrels per day. Inpector plans to ramp production up to around 10,000 barrels per day by 2028.
The Issaran concession holds approximately 700 million barrels of oil, and comparable fields have shown recovery factors of more than 20%.
The transaction is in line with the companys plans to grow through the acquisition of companies and Knox has a pipeline of potential follow up projects. Knox already owns 40% of Rapid Oil Production Ltd., which has a 15% fully carried share in the Fyne development project offshore UK.
For further comments, please contact: Geir Aune, Chairman, ga@knox-energy.com
MENTOR: Melding om aksjehandel
Company news
2025-08-06 08:30:38
Hulda Tronstad har tirsdag 5. august 2025 kjøpt 500 aksjer i Mentor Medier AS til en kurs på 10,5 per aksje.
Hulda Tronstad er fast møtende varamedlem til styret i Mentor Medier AS.
Etter transaksjonen eier Hulda Tronstad som privatperson 5.800 aksjer i Mentor Medier AS, i tillegg til at hun eier 31.810 aksjer gjennom sitt aksjeselskap Hulda Tronstad AS. Til sammen utgjør dette 0,692 % av aksjekapitalen.
Aprila Bank ASA: Invitation to presentation of Q2 2025
Company news
2025-08-01 11:47:47
Aprila Bank ASA reports the interim results for the second quarter of 2025 on 15 August 2025. A recorded presentation will be published at 10:00 CEST on aprila.no/investor-relations.
There will be no live Q&A session. Questions can be submitted to ir@aprila.no and will be answered directly. Both questions and answers will be published on our Q&A page.
Date: 15 August 2025 Time: 10:00 CEST Subscribe to our financial news: https://www.aprila.no/content/investor-relations/register Q&A page: https://www.aprila.no/content/investor-relations/qa
The Q2 25 interim report and presentation will be available on aprila.no/investor-relations prior to the presentation at 10:00.
Contact person at Aprila Bank ASA: Espen Engelberg, CFO +47 954 55 405 espen@aprila.no
Appointment of Director to the Board
Company news
2025-07-30 22:10:02
Golar LNG Limited (Golar) (Nasdaq: GLNG) is pleased to announce that effective August 1, 2025, Mr. Stephen J. Schaefer will join its Board of Directors.
Mr. Schaefer brings extensive experience in the natural gas and electricity markets, having been actively involved in the sector since 1993. Mr. Schaefer currently serves as Chairman of the Board of Talen Energy Corporation, as a member of the Board of Directors for GenOn Energy and as a Senior Advisor of EverGen Power LLC. His previous roles include Chairman of GenOn Energy and Texgen Power LLC and as a member of the Board of Directors for Homer City Holdings LLC and Element Markets LLC. Prior to retiring in 2015, he was a Partner with Riverstone Holdings, a private equity firm focused on energy investing. Previously, Mr. Schaefer was a Managing Director with Huron Consulting Group, where he founded and headed its Energy Practice. From 1998 to 2003 Mr. Schaefer was Managing Director and Vice President of Duke Energy North America, responsible for mergers and acquisitions. Mr. Schaefer is a Chartered Financial Analyst and holds a B.S., magna cum laude, in Finance and Accounting from Northeastern University.
Commenting on the appointment, Mr. Troim, Chairman of the Board, said: We are honoured to welcome Mr. Schaefer to the Board. His deep expertise in global energy markets combined with a sharp strategic vision and well-established industry credibility will be instrumental in advancing Golars growth ambitions. We look forward to the valuable insights and leadership he will bring.
Hamilton, Bermuda July 30, 2025
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
KNOX UPDATED COMPANY PRESENTATION
Company news
2025-07-28 16:05:14
Updated presentation regarding the Inpector transaction.
Knox Energy Solutions AS (Knox) has signed the final agreement with Inpector Capital B.V. (Inpector) regarding the acquisition of 38% of Inpector for USD 20 million. Net to Knox, the acquisition is expected to add ~950 bpd at current production levels with a plan to double that amount in 3 years.
The Inpector group is producing oil from the Issaran onshore field in Egypt. The Issaran field is a heavy oil field and the production is currently about 4,000 barrels per day. Inpector plans to ramp production up to around 10,000 barrels per day by 2028.
The Issaran concession holds approximately 700 million barrels of oil, and comparable fields have shown recovery factors of more than 20%.
Knox will pay USD 10 million in cash, to be primarily used to increase production through enhanced development drilling, and issue 6,276,990 new shares in Knox to Inpector, valued at USD 10 million based on a pre-money valuation for Knox of USD 10.4 million.
This is equal to NOK 16.20 per Knox share, based on a total number of 6,528,070 shares, following pending registration of all exercised warrants. The transaction is subject to Knox raising a minimum of USD 11 million of new equity in a process which is contemplated to start shortly and at a valuation also taking into account the contribution from Inpector.
Inpector is owned by the Dutch & Norwegian investment combination of Kenzoll Capital and Kenda Capital. Kenzoll was founded by Corné Melissen.
Clarksons Securities AS is engaged as exclusive financial advisor and manager for the contemplated capital raise and is also acting as exclusive financial advisor in connection with the companys contemplated application for a listing on Euronext Growth, which is expected to be submitted shortly after the completion of the equity raise.
The transaction is in line with the companys plans to grow through the acquisition of companies and Knox has a pipeline of potential follow up projects. Knox already owns 40% of Rapid Oil Production Ltd., which has a 15% fully carried share in the Fyne development project offshore UK.
The transaction is adding major oil company senior executive experience to the Knox team. Furthermore, Inpector and Knox have agreed to cooperate regarding the execution of Knox consolidation strategy.
For further comments, please contact:
Geir Aune, Chairman, ga@knox-energy.com
Golar releases its 2024 Environmental, Social and Governance report
Company news
2025-07-24 14:20:02
Golar LNG Limited is pleased to announce that it has issued its 2024 Environmental, Social and Governance (ESG) report. The report is attached and can also be found on our website.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as may, could, should, would, expect, plan, anticipate, intend, forecast, believe, estimate, predict, propose, potential, continue, or the negative of these terms and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.
Hamilton, Bermuda July 24, 2025 Enquiries: Golar Management Limited: + 44 207 063 7900 Stuart Buchanan
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Pandox AB og Eiendomsspar AS kjøper aksjer i Dalata Hotel Group plc.
Company news
2025-07-24 08:02:49
IKKE FOR UTGIVELSE, PUBLISERING ELLER DISTRIBUSJON, HELT ELLER DELVIS, DIREKTE ELLER INDIREKTE I, TIL ELLER FRA AUSTRALIA, HVITERUSSLAND, CANADA, HONGKONG, JAPAN, NEW ZEALAND, RUSSLAND, SINGAPORE, SØR-AFRIKA, SØR-KOREA, USA ELLER NOEN ANNEN JURISDIKSJON HVOR SLIK PUBLISERING ELLER DISTRIBUSJON ER FORBUDT, ELLER VIL VÆRE I STRID MED GJELDENDE LOV ELLER FORSKRIFTER I SLIK JURISDIKSJON
Den 15. juli 2025 kunngjorde Pandox AB (publ) («Pandox») og Eiendomsspar AS («Eiendomsspar»), gjennom Pandox Ireland Tuck Limited («Bidco»), at Dalata Hotel Group plc («Dalata») og Bidco hadde blitt enige om vilkårene for et anbefalt oppkjøp av hele den utstedte og kommende aksjekapitalen i Dalata («Oppkjøpet»).
Eiendomsspar kunngjør at Bidco den 23. juli 2025 foretok et kjøp i markedet av 37 060 105 ordinære aksjer i Dalata, som representerer omtrent 17,52 prosent av den utstedte aksjekapitalen i Dalata, til en pris på 6,39 per aksje. Etter kjøpet utgjør Bidcos totale eierandel i Dalata, sammen med aksjene som eies av Eiendomsspar og Pandox (og deres kontrollerte datterselskaper), 57 801 937, som representerer omtrent 27,33 prosent av den utstedte aksjekapitalen i Dalata.
Oppkjøpet er underlagt de irske overtakelsesreglene og tilsynsmyndigheten til det irske overtakelsespanelet. Ytterligere detaljer om oppkjøpet er angitt i kunngjøringen som ble gitt i henhold til regel 2.7 i den irske overtakelsespanelloven, overtakelsesregel 2022 («irske overtakelsesreglene») den 15. juli 2025, som finnes på https://eiendomsspar.no/intensjon-om-kontant-bud-pa-dalata-hotel-group-plc/ / Intensjon om kontant bud på Dalata Hotel Group plc.
Fullstendige detaljer om aksjekjøpet gis i det vedlagte dokumentet «Stakebuilding Dalata Hotel Group plc.»
Pandox AB og Eiendomsspar AS kjøper aksjer i Dalata Hotel Group plc.
Company news
2025-07-24 08:00:40
IKKE FOR UTGIVELSE, PUBLISERING ELLER DISTRIBUSJON, HELT ELLER DELVIS, DIREKTE ELLER INDIREKTE I, TIL ELLER FRA AUSTRALIA, HVITERUSSLAND, CANADA, HONGKONG, JAPAN, NEW ZEALAND, RUSSLAND, SINGAPORE, SØR-AFRIKA, SØR-KOREA, USA ELLER NOEN ANNEN JURISDIKSJON HVOR SLIK PUBLISERING ELLER DISTRIBUSJON ER FORBUDT, ELLER VIL VÆRE I STRID MED GJELDENDE LOV ELLER FORSKRIFTER I SLIK JURISDIKSJON.
Den 15. juli 2025 kunngjorde Pandox AB (publ) («Pandox») og Eiendomsspar AS («Eiendomsspar»), gjennom Pandox Ireland Tuck Limited («Bidco»), at Dalata Hotel Group plc («Dalata») og Bidco hadde blitt enige om vilkårene for et anbefalt oppkjøp av hele den utstedte og kommende aksjekapitalen i Dalata («Oppkjøpet»).
Eiendomsspar kunngjør at Bidco den 23. juli 2025 foretok et kjøp i markedet av 37 060 105 ordinære aksjer i Dalata, som representerer omtrent 17,52 prosent av den utstedte aksjekapitalen i Dalata, til en pris på 6,39 per aksje. Etter kjøpet utgjør Bidcos totale eierandel i Dalata, sammen med aksjene som eies av Eiendomsspar og Pandox (og deres kontrollerte datterselskaper), 57 801 937, som representerer omtrent 27,33 prosent av den utstedte aksjekapitalen i Dalata.
Oppkjøpet er underlagt de irske overtakelsesreglene og tilsynsmyndigheten til det irske overtakelsespanelet. Ytterligere detaljer om oppkjøpet er angitt i kunngjøringen som ble gitt i henhold til regel 2.7 i den irske overtakelsespanelloven, overtakelsesregel 2022 («irske overtakelsesreglene») den 15. juli 2025, som finnes på https://eiendomsspar.no/intensjon-om-kontant-bud-pa-dalata-hotel-group-plc/ / Intensjon om kontant bud på Dalata Hotel Group plc.
Fullstendige detaljer om aksjekjøpet gis i det vedlagte dokumentet «Stakebuilding Dalata Hotel Group plc.»
Pandox og Eiendomsspar kunngjør intensjon om kontant bud, anbefalt av selskapets styre, på det irske selskapet Dalata Hotel Group plc.
Company news
2025-07-15 07:12:57
IKKE FOR UTGIVELSE, PUBLISERING ELLER DISTRIBUSJON, HELT ELLER DELVIS, DIREKTE ELLER INDIREKTE I, TIL ELLER FRA AUSTRALIA, HVITERUSSLAND, CANADA, HONGKONG, JAPAN, NEW ZEALAND, RUSSLAND, SINGAPORE, SØR-AFRIKA, SØR-KOREA, USA ELLER NOEN ANNEN JURISDIKSJON HVOR SLIK PUBLISERING ELLER DISTRIBUSJON ER FORBUDT, ELLER VIL VÆRE I STRID MED GJELDENDE LOV ELLER FORSKRIFTER I SLIK JURISDIKSJON
Et konsortium (Bidco) bestående av Pandox og Eiendomsspar kunngjør intensjon om kontantbud på 100% av aksjekapitalen i det børsnoterte irske hotellselskapet Dalata Hotel Group plc. «Dalata». Styret i Dalata har intensjon om enstemmig anbefaling av budet overfor sine aksjonærer. Budet verdsetter aksjekapitalen i Dalata i størrelsesorden MEUR 1 400 og finansieres av eksisterende likviditetsreserver i Pandox og Eiendomsspar i kombinasjon med en ny lånefasilitet i Pandox, etablert via selskapets bankforbindelse DNB Bank ASA. Ved gjennomføring av transaksjonen vil Bidco være eiet av Pandox (estimert eierandel 91,5 %) og Eiendomsspar (estimert eierandel 8,5 %).
Dalata er en velrenommert eier og operatør av til sammen 56 hoteller, hvorav 31 er eide, 22 innleide og 3 på management kontrakt. Hotellene er hovedsakelig beliggende i Irland og England og omfatter mer enn 12.000 rom, i hovedsak under varemerkene Clayton og Maldron. Per 30. Juni 2025 var Dalatas portefølje av egeneide hoteller verdsatt i størrelsesorden MEUR 1 700, tilsvarende MNOK 20 000.
Konsortiet har inngått en avtale med Scandic Hotels Group AB om å være operatør for hotellene, fra gjennomføring av en eventuell transaksjon. Avtalen med Scandic har en intensjon om å dele dagens virksomhet i Dalata mellom eiendomsdrift og hotelldrift. Avtalen inkluderer en opsjonsavtale hvor driften av hotellene selges til Scandic, dersom konsortiet gjennomfører transaksjonen og opsjonen utøves.
Den avtalte prisen som Scandic skal betale for å overta driften av hotellene, ved en eventuell opsjonsutøvelse, er avtalt til MEUR 500 (kontant og gjeldfri basis). Konsortiet vil etter en eventuell transaksjon beholde eierskapet til 31 hoteller i Irland og Storbritannia, med Scandic som leietager.
Eiendomsspar sin direkte finansielle eksponering mot transaksjonen består av to hovedelementer: 1. selskapets 8,6 % eierpost i Dalata ervervet gjennom 2024 og 2025. Ved en eventuell gjennomføring av den indikerte transaksjonen, vil Eiendomsspar på lik linje med andre aksjonærer som aksepterer budet, motta kontant oppgjør. Oppgjøret vil (gitt dagens valutakurs) være i størrelsesorden MNOK 1 400, som er omtrent MNOK 450 høyere enn Eiendomsspars kostpris. 2. En investering i Bidco i størrelsesorden 8,5 % (fullt utvannet), på linje med Eiendomsspar sin eierandel i Dalata. Kostprisen på Bidco aksjene vil være i størrelsesorden MNOK 1 400, tilsvarende beløpet Bidco betaler for kjøpet av Eiendomsspars Dalata aksjer.
Eiendomsspar finansierer sin eksponering mot et eventuelt oppkjøp av Dalata gjennom eksisterende trekkfasiliteter og et nytt lån med pant i eiendom som tidligere har vært ubelånt. Eksponeringen mot Dalata prosessen vil reduseres ettersom Eiendomsspar mottar eventuelt oppgjør på sine Dalata aksjer. Eiendomsspar vil under og etter denne perioden opprettholde en solid balanse og betydelig likviditetsreserve. Et kjøp av Dalata i tråd med ovenstående bud forventes å bidra med tilfredsstillende verdiskapning for Eiendomsspar sine aksjonærer.
Fullstendige detaljer om transaksjonen gis i vedlagt dokument «Willow - Recommended 2.7 announcement Bidco 15 July 2025» i henhold til regel 2.7 i «Irish Takeover Panel Act, Takeover Rule 2022» (The «Irish Takeover rules»)
Pandox og Eiendomsspar kunngjør intensjon om kontant bud, anbefalt av selskapets styre, på det irske selskapet Dalata Hotel Group plc.
Company news
2025-07-15 07:09:12
IKKE FOR UTGIVELSE, PUBLISERING ELLER DISTRIBUSJON, HELT ELLER DELVIS, DIREKTE ELLER INDIREKTE I, TIL ELLER FRA AUSTRALIA, HVITERUSSLAND, CANADA, HONGKONG, JAPAN, NEW ZEALAND, RUSSLAND, SINGAPORE, SØR-AFRIKA, SØR-KOREA, USA ELLER NOEN ANNEN JURISDIKSJON HVOR SLIK PUBLISERING ELLER DISTRIBUSJON ER FORBUDT, ELLER VIL VÆRE I STRID MED GJELDENDE LOV ELLER FORSKRIFTER I SLIK JURISDIKSJON
Et konsortium (Bidco) bestående av Pandox og Eiendomsspar kunngjør intensjon om kontantbud på 100% av aksjekapitalen i det børsnoterte irske hotellselskapet Dalata Hotel Group plc. «Dalata». Styret i Dalata har intensjon om enstemmig anbefaling av budet overfor sine aksjonærer. Budet verdsetter aksjekapitalen i Dalata i størrelsesorden MEUR 1 400 og finansieres av eksisterende likviditetsreserver i Pandox og Eiendomsspar i kombinasjon med en ny lånefasilitet i Pandox, etablert via selskapets bankforbindelse DNB Bank ASA. Ved gjennomføring av transaksjonen vil Bidco være eiet av Pandox (estimert eierandel 91,5 %) og Eiendomsspar (estimert eierandel 8,5 %).
Dalata er en velrenommert eier og operatør av til sammen 56 hoteller, hvorav 31 er eide, 22 innleide og 3 på management kontrakt. Hotellene er hovedsakelig beliggende i Irland og England og omfatter mer enn 12.000 rom, i hovedsak under varemerkene Clayton og Maldron. Per 30. Juni 2025 var Dalatas portefølje av egeneide hoteller verdsatt i størrelsesorden MEUR 1 700, tilsvarende MNOK 20 000.
Konsortiet har inngått en avtale med Scandic Hotels Group AB om å være operatør for hotellene, fra gjennomføring av en eventuell transaksjon. Avtalen med Scandic har en intensjon om å dele dagens virksomhet i Dalata mellom eiendomsdrift og hotelldrift. Avtalen inkluderer en opsjonsavtale hvor driften av hotellene selges til Scandic, dersom konsortiet gjennomfører transaksjonen og opsjonen utøves.
Den avtalte prisen som Scandic skal betale for å overta driften av hotellene, ved en eventuell opsjonsutøvelse, er avtalt til MEUR 500 (kontant og gjeldfri basis). Konsortiet vil etter en eventuell transaksjon beholde eierskapet til 31 hoteller i Irland og Storbritannia, med Scandic som leietager.
Eiendomsspar sin direkte finansielle eksponering mot transaksjonen består av to hovedelementer: 1. selskapets 8,6 % eierpost i Dalata ervervet gjennom 2024 og 2025. Ved en eventuell gjennomføring av den indikerte transaksjonen, vil Eiendomsspar på lik linje med andre aksjonærer som aksepterer budet, motta kontant oppgjør. Oppgjøret vil (gitt dagens valutakurs) være i størrelsesorden MNOK 1 400, som er omtrent MNOK 450 høyere enn Eiendomsspars kostpris. 2. En investering i Bidco i størrelsesorden 8,5 % (fullt utvannet), på linje med Eiendomsspar sin eierandel i Dalata. Kostprisen på Bidco aksjene vil være i størrelsesorden MNOK 1 400, tilsvarende beløpet Bidco betaler for kjøpet av Eiendomsspars Dalata aksjer.
Eiendomsspar finansierer sin eksponering mot et eventuelt oppkjøp av Dalata gjennom eksisterende trekkfasiliteter og et nytt lån med pant i eiendom som tidligere har vært ubelånt. Eksponeringen mot Dalata prosessen vil reduseres ettersom Eiendomsspar mottar eventuelt oppgjør på sine Dalata aksjer. Eiendomsspar vil under og etter denne perioden opprettholde en solid balanse og betydelig likviditetsreserve. Et kjøp av Dalata i tråd med ovenstående bud forventes å bidra med tilfredsstillende verdiskapning for Eiendomsspar sine aksjonærer. Fullstendige detaljer om transaksjonen gis i vedlagt dokument «Willow - Recommended 2.7 announcement Bidco 15 July 2025» i henhold til regel 2.7 i «Irish Takeover Panel Act, Takeover Rule 2022» (The «Irish Takeover rules»)
Glex Secures Strategic Investment from Gateway X to Accelerate Global Expansion
Company news
2025-07-08 10:19:20
Glex AS (Glex), Norway's leading developer of advanced portfolio integration platforms for energy companies, today announced a landmark strategic partnership with Gateway X (GWX), the investment arm of the Gateway Group of Companies. This collaboration positions Glex to become a global leader in energy portfolio management technology, combining its category-defining platform with Gateway Group's proven expertise in scaling technology ventures worldwide. Under the agreement, GWX will invest strategic growth capital in Glex and acquire an initial minority stake. Beyond funding, Glex will gain access to Gateway Group's expansive ecosystem of digital engineering capabilities, operational excellence, and a robust global footprint across 40+ markets. The partnership will empower Glex to accelerate product development, enhance delivery capacity, and expand its international customer base. There is growing interest in Glexs portfolio integration platform from potential customers outside Norway and the potential in the global market is high. The GWX resources will be deployed to develop and adapt Glexs web-based tools and data pipelines to ensure that the needs and expectations of customers are met quickly and efficiently. GWX and Glex will work strategically together to grow Glexs presence internationally and open up market possibilities. "This is a fantastic opportunity to scale our platform together with an experienced and capable partner in GWX, notes Glex CEO, Andrew McCann. Gateway's co-founder approach gives us not just the investment, but the expertise, resources, and reach to bring our vision to life faster than we ever could alone. We are looking forward to putting our plans into action and demonstrating what we can bring to the market together." "Glex perfectly exemplifies the kind of business we seek to empower-an ambitious team, a powerful technology platform, and deep domain expertise" said Alf Lande, CEO & Principal - Investments & Portfolio Affairs at GWX. "We look forward to partnering with Glex to unlock new possibilities in Norway and around the world."
About Glex: Glex AS is a software and data services company that develops advanced integration, visualisation, analysis and collaboration tools for E&P companies to manage and develop their asset portfolios. Our SaaS Glex Energy® has been in development since 2017. The team combines industry professionals with extensive experience and unique domain expertise with data-science experts and software developers with a background in the gaming and visualization industry. Glex is registered on the NOTC.
About GWX: GWX is the strategic investment division of the Gateway Group of Companies, a global technology conglomerate headquartered in The Netherlands. For over two decades, Gateway has delivered software engineering, digital transformation, and business solutions to Fortune 500 clients worldwide. Through GWX, the Group provides growth capital and an end-to-end ecosystem of technology, marketing, governance, and strategic advisory services to help portfolio companies scale sustainably and globally. Contact Glex: Andrew McCann (CEO) +47 415 07 726 andrew.mccann@glex.no
